Stocks shrug off a new Trump tariff threat as the president-elect vows sweeping levies on the biggest U.S. trading partners.

The Dow Jones rose Wednesday ahead of the Federal Reserve's favored inflation gauge. Nvidia stock extended its recent losses.

The Federal Reserve's favored inflation gauge is due this morning ...

Live updates on stocks and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

The Federal Reserve's favored inflation gauge is due this morning ...

Treasury yields trimmed their declines on Wednesday as investors assessed a fresh reading on U.S. inflation that matched Wall Street expectations. The yield on the 10-year Treasury note was trading ...

The 12-month rate moved up to 2.8% from 2.7% to mark the first increase since June. The Dow Jones Industrial Average was nursing a gain of around 110 points, or 0.3%, while the S&P 500 was ...

Traders are eyeing potentially hotter inflation, and dialing back their bets for Fed rate cuts into next year.